Kiki & Greg Norman Purchase Palm Beach Gardens Single Family For $12.2M
SOLD
$12,200,000
Florida
See Similar DealsSingle Family Residence11,837 SF
Sold 04/08/2021
SOLD
Kiki & Greg Norman Purchase Palm Beach Gardens Single Family For $12.2M
12227 Tillinghast Cir, Palm Beach Gardens, FL, USA
See Similar DealsSingle Family Residence11,837 SF
Sold 04/08/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,030
Total Square Footage:11,837 SF
Transaction Type:Sale
The single-family property located at 12227 Tillinghast Cir in Palm Beach Gardens has been sold. The transaction took place on April 8, 2021. The property spans 11,837 square feet and has a price per square foot of $1,031. The total sale price amounted to $12,200,000. The buyers of the property are Kiki and Greg Norman, while the sellers are Joseph and Julie Lashinger. The deal was facilitated by Robert Thomson from Waterfront Properties & Club C.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $12,200,000
- Square Footage: 11,837
- Price per Square Foot: $1,031
- Buyer: Kiki & Greg Norman
- Seller: Joseph & Julie Lashinger
- Broker: Robert Thomson - Waterfront Properties & Club C
The sale of the property at 12227 Tillinghast Cir was facilitated by Robert Thomson from Waterfront Properties & Club C. The buyers, Kiki and Greg Norman, are now the proud owners of this Palm Beach Gardens property. Meanwhile, Joseph and Julie Lashinger acted as the sellers in this transaction. This successful deal emphasizes the popularity and desirability of properties in Palm Beach Gardens.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$650,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69
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